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areas of economic development. It does not support work toward an advanced degree (this includes field work for a Ph.D.). Fellowships are awarded for periods of 12 months, normally beginning July 1 and ending June 30 the following year. They cannot be extended or renewed.

Typical grant size: $25,000. Applicants may submit budgets up to $35,000; all budgets over the standard award are subject to negotiation.

Budgets may be supplemented by a flat $5,000 family allowance if family members accompany the fellow to the host country for six months or longer.

Requirements: Candidates must be nationals of World Bank member countries. Awards are not usually given to applicants over the age of 35. Applicants must hold an M.A. or equivalent at the time of application. Candidates for a Ph.D. at the time of application must have completed the degree by the program's initiation date in order to receive a fellowship.

Fellows must carry out their research under the auspices of an adviser in a host institution in a World Bank member country other than his/her own. Candidates are expected to make their own arrangements in connection with the project. Fellows are expected to have at least a working knowledge of the language spoken in the country in which they will carry out the research.

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